Northern, MN is a great place to live due to its affordable housing prices and cost of living. On average, 2 bedroom rent in Northern is only $990 compared to the national average of $1,430. In addition, the grocery cost index in Northern is almost the same as the national average at 98 compared to 100. There are plenty of local businesses and services that make Northern an amazing place to live. These include Banknorth Mortgage Company, Far North Manufacturing, Timber Products of MN, and others that provide residents with banking opportunities, manufacturing jobs, and more. Additionally, there are plenty of community services such as libraries, parks, emergency medical clinics and hospitals that provide essential resources for families living in Northern.
Northern has an unemployment rate of 5.1%. The US average is 6.0%.
Northern has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Northern
- The Sales Tax Rate for Northern is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Northern is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Northern
- The average income of a Northern resident is $31,448 a year. The US average is $28,555 a year.
- The Median household income of a Northern resident is $98,049 a year. The US average is $69,021 a year.